Upturned boat

 Saw an upturned boat at the mouth of the Murray/ serpentine on Saturday, anyone know what happened? Also not that I'm interested, what's the go with salvage rights?


Posts: 5817

Date Joined: 18/01/12

what sort of boat is

Sun, 2014-02-16 19:04

what sort of boat is it?

Salvage rights-much more complex than people think! My understanding

1/ A boat must be "abandoned"-not just broken a mooring or dragged its anchor etc. Not even just when the crew jump off cos they think its gonna sink and it doesnt (or does even!)

Basically I think-the owner actually doesnt want it anymore

2/ Large commercial vessels use whats called "Lloyds Open Form".

When a captain realises he has no little or no hope of saving his vessel he gives (via radio) permission ("Do you accept Lloyds Open Form") to another vessel/salvage tug to do whatever it takes assist. I think its on the basis of "No cure no pay". 

But when its successful both parties go before a Salvage Board at Lloyds of London who decide how much the salvor gets taking into account risk, outlay etc-they are also accepting risk of any oil spill etc from that moment on.

 

I remember a mate I fished with had a wetliner up north and he got a call from the Police saying that it had broken its mooring and was in the mangroves, and a couple of dodgy locals were trying to get it out to claim salvage rights. Police said we'll let them get it out then take it back  , exactly what happened!

 

I was always told by the old fishermen that if you break down etc and need a tow, ALWAYS use your own rope.

If there is a dispute over payment, terms etc you can cut your own rope, but not someone elses.

 

Im sure there are others who can add/correct me though-the VMR guys may know abit more?

____________________________________________________________________________

 Give a man a mask, and he'll show you his true face...

 

 

The older you get the more you realize that no one has a f++king clue what they're doing.

Everyone's just winging it.

 

collin g wood's picture

Posts: 313

Date Joined: 18/04/11

Just a little FG runabout

Sun, 2014-02-16 21:22

 Thanks for the info, was only asking about salvage as I suspect it will be stripped of its contents overnight, looked like crab net floats bobbing around it, police boat was just leaving the area when we saw it.